January saw more than 3,520 firms raising their levels of capital by 218 trillion VND (9.56 billion USD). (Source: VNA)
Hanoi (VNA) - Some 11,000 enterprises were established with aregistered capital of 98.27 trillion VND (4.31 billion USD) in the first monthof this year.
These figures represented respective increases of 20.6 percent and 8.9 percentcompared to the same month last year, data of the Ministry of Planning andInvestment revealed.
January also saw more than 3,520 firms raising their levels of capital by 218trillion VND (9.56 billion USD), while nearly 4,600 enterprises resumed theiroperations, according to the ministry.
The average registered capital for each business this month was 9.1 billion VND(approximately 400,000 USD), down 10 percent year-on-year. Meanwhile, thenumber of labourers in the newly-established enterprises was 85,300 people,marking a yearly decrease of 18 percent.
According to the data, the number of new enterprises were concentrated mainlyin the wholesale, retail, automobiles and motorbikes repairing sectors,reaching more than 3,800, accounting for 35.1 percent of the total enterprises;there were 1,380 enterprises operating in the construction sector, or 12.7 percent,and 1,320 enterprises in the processing and manufacturing industry, makingup 2.2 percent.
Regarding the registered capital, the construction sector recorded the highestregistered capital of more than 20.61 trillion VND (904 million USD),accounting for 21 percent. The real estate came second with 17.56 trillion VND(770 million USD) or 18 percent, while the wholesale, retail, automobiles andmotorbikes repairing sectors ranked third with 17.17 trillion VND (753 millionUSD), or 17.5 percent.-VNA
An additional 29,921 new enterprises were established in Ho Chi Minh City this year by mid-September, with total capital exceeding 396 trillion VND (17.4 billion USD).
Close to 11,000 enterprises were established with a registered capital of 109.9 trillion VND (4.8 billion USD) in November, data of the Ministry of Planning and Investment revealed.
The number of newly-established firms and firms resuming operations set a record in 2017 with more than 153,000 companies with total registered capital of 3.16 quadrillion VND (139 billion USD).
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Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
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January saw more than 3,520 firms raising their levels of capital by 218 trillion VND (9.56 billion USD). (Source: VNA) 
